Edgestream Partners L.P. Purchases 8,319 Shares of Tenable Holdings, Inc. (NASDAQ:TENB)

Edgestream Partners L.P. raised its stake in shares of Tenable Holdings, Inc. (NASDAQ:TENB) by 57.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,882 shares of the company’s stock after purchasing an additional 8,319 shares during the quarter. Edgestream Partners L.P.’s holdings in Tenable were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Corient Private Wealth LLC lifted its position in Tenable by 16.7% during the fourth quarter. Corient Private Wealth LLC now owns 77,383 shares of the company’s stock valued at $3,564,000 after purchasing an additional 11,088 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tenable by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 981,899 shares of the company’s stock valued at $45,226,000 after purchasing an additional 26,496 shares during the last quarter. Vanderbilt University lifted its position in Tenable by 51.4% during the fourth quarter. Vanderbilt University now owns 65,313 shares of the company’s stock valued at $3,008,000 after purchasing an additional 22,187 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in Tenable during the first quarter valued at approximately $1,239,000. Finally, Mutual of America Capital Management LLC lifted its position in Tenable by 39.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 82,858 shares of the company’s stock valued at $3,816,000 after purchasing an additional 23,385 shares during the last quarter. 89.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tenable

In other Tenable news, CEO Amit Yoran sold 4,851 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $212,279.76. Following the transaction, the chief executive officer now directly owns 361,457 shares of the company’s stock, valued at approximately $15,817,358.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Amit Yoran sold 4,851 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $212,279.76. Following the sale, the chief executive officer now owns 361,457 shares in the company, valued at approximately $15,817,358.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mark C. Thurmond sold 949 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total transaction of $41,727.53. Following the sale, the chief operating officer now owns 32,906 shares in the company, valued at approximately $1,446,876.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,132 shares of company stock valued at $1,049,183. 4.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Tenable in a research report on Thursday, May 2nd. Scotiabank began coverage on shares of Tenable in a report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $62.00 price objective on shares of Tenable in a report on Friday, June 14th. Baird R W upgraded shares of Tenable to a “strong-buy” rating in a report on Monday, July 15th. Finally, Robert W. Baird began coverage on shares of Tenable in a report on Monday, July 15th. They issued an “outperform” rating and a $55.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tenable has a consensus rating of “Moderate Buy” and an average price target of $57.40.

Tenable Trading Up 0.1 %

Shares of NASDAQ TENB traded up $0.03 during mid-day trading on Tuesday, hitting $44.08. The stock had a trading volume of 89,908 shares, compared to its average volume of 911,344. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. Tenable Holdings, Inc. has a 1 year low of $33.85 and a 1 year high of $53.50. The business has a 50 day moving average price of $42.43 and a two-hundred day moving average price of $45.57. The firm has a market cap of $5.24 billion, a P/E ratio of -75.95 and a beta of 0.86.

Tenable (NASDAQ:TENB) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $215.96 million for the quarter, compared to the consensus estimate of $213.56 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. On average, equities analysts anticipate that Tenable Holdings, Inc. will post -0.14 EPS for the current fiscal year.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.